2302 Chautauqua AveDurhamNC27707
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Durham at 2302 Chautauqua Ave, Durham, NC, 27707 listed at $160,000 pairs $2,119/mo rent with a $783/mo payment to leave $1,100/mo cash flow. Total monthly income runs $2,119/mo, and annual cash flow reaches $13,203/yr on $53,040 cash to close. Return on cash invested measures 44.8% in year one, and rental yield registers 15.89% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 236.63% and total cumulative return in cash totals $125,510. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,119/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27707, Durham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,539 (100%) |
| Owner Occupied HU | 9,060 (38.5%) |
| Renter Occupied HU | 12,484 (53.0%) |
| Vacant Housing Units | 1,995 ( 8.5%) |
| Median Home Value | $476,975 |
| Average Home Value | $520,735 |
Housing Distribution
Address Breakdown
Residential
22,469
Single Family
15,431
Multi-Family
7,038
Businesses
1,397
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Listed by: Thomas Hennessey • Hennessey Real Estate, LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10097386
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.